$BTC 24 Hour High $11,910.98 $BTC 24 Hour Low $11,195.71 $BTC -5.2%
Digital assets market:
Market cap dropped 17B to 337B during the overnight sell off that saw $BTC maintain above 11K throughout America trading session’s sell off dropping from 11,900 to 11,600
Seeing support levels at 11,110, and next resistance at 11,420.
Healthy indication of institutional adoption as CME BTC futures open interest now at 841M from 440M in late June
Aggregated $BTC futures volumes across top exchanges maintains 20B levels from yesterday, more than 100M Long contracts liquidated during the 8 hour sell off
Bull/Bear ratio at 30/70
$ETH fell to 373 after failing to push above resistance at 400 for the previous five days, where it lay range bound at 390-400 throughout the week. Volumes increased to 12.94B, up 8% overnight. $ETH has had three consecutive months of successful testing its testnet with no publicly announced date for the final launch at the moment
Crypto Fear & Greed Index remains in the ”Greed” territory
Alts and DeFi watch:
DeFi market cap sitting at 10B
$YFI (yearn.finance) trading at 5,500 after going nearly 800% since July 22nd until today
$LINK down three straight days for a total of -8.2% after rejecting 14 levels, currently trading at 12.6 with oversold RSI levels and trading at the bottom range of Bollinger bands
$XTZ slides to 3.7 after topping 2020 highs at 4.45 yesterday. Overnight sell off dropped prices by 13% to currently trade at oversold RSI levels and still trading 6% above its 10d SMA. Support levels at 3.62 and next target at 4.0.
BAND protocol also saw a sharp correction after rejecting 18 levels. It dropped 31% to trade at 12 levels. Also at oversold RSI levels on the bottom Bollinger bands.